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Monday, February 10, 2014

Hi friends,
Banknifty stocks holds the most weight age in nifty,So mostly
we see banknifty has a bigger say in Nifty directional move.
Lets see the banknifty Bar chart and try to count its waves.

We look from the chart
we have repeated abc correction
A possible case of
tripple zigzag ,We would see
how it unfolds ,As of now
my expectation is a fall to
any of yellow line levels
and bounce back to 10400-10450
levels ,There i expect the pull
back rice to finish.

Lets see how Banknifty performs in next few days.

Regards
Rish

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